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While second quarter earnings season experienced variances in the direction of earnings revisions (large-cap gaming down, regional gaming up, gaming REITs mixed, equipment suppliers flat, and lodging flat), sector stock moves have been broadly uniform. While the volatility is unnerving, we believe the moves have created some valuation / risk-reward based opportunities. These three top companies are rated Buy at Deutsche Bank, and all could mean solid gains for risk-tolerant investors. This top company saw the departure of its namesake founder earlier this year. Wynn Resorts Ltd. (NASDAQ: WYNN) operates Wynn Macau and Encore at Wynn Macau resort located in the People’s Republic of China.
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